EU poultry market to grow by 2.5%
The poultry market in the EU is expected t grow by 2.5% this year, according to the latest outlook issued by the European Commission (EC). Poultry consumption per capita is expected to be up by 0.6 kg reaching 25.4 kilos/year and leading to a hike in prices.
Exports have increased by 13% in the first 4 months of the year, mainly due to increased demand from African countries such as South Africa and Ghana.
At this time, Ghana holds an 11% share of the EU export market, followed by the Philippines with a 10% share. China has also increased its demand for poultry but only Poland can capitalize on that being the first European country to reopen this market in November last year.
Poultry imports are up by 14% with Thailand, Ukraine, and Brazil competing hard to increase their market share in the EU. Due to the sanitary restriction imposed last year for 20 Brazilian plants, imports from this country are low compared to 2017 but there is an increased in imports of frozen poultry supported by high prices for poultry breast. By the end of the year, EC expects EU poultry imports to grow by more than 5%.
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